BANK OF AMERICA CORP (BAC) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

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October 14, 2015
Investors May Contact:
Lee McEntire, Bank of America, 1.980.388.6780
Jonathan Blum, Bank of America (Fixed Income), 1.212.449.3112
Reporters May Contact:
Jerry Dubrowski, Bank of America, 1.980.388.2840
jerome.f.dubrowski@bankofamerica.com


Bank of America Reports Third-quarter 2015 Net Income of $4.5 Billion, or $0.37 per
Diluted Share

2015 Year-to-date Net Income of $13.2 Billion, or $1.09 per Diluted Share
Continued Business Momentum1
Total Deposits (EOP) up $50 Billion, or 4 Percent, to $1.16 Trillion
Residential Mortgage and Home Equity Loan Originations up 13 Percent to $17 Billion
1.3 Million New Credit Cards Issued, up 5 Percent
Number of Mobile Banking Users up 14 Percent to 18.4 Million
Merrill Edge Brokerage Assets up 8 Percent to $117 Billion
Wealth Management Loan Balances (EOP) up $12 Billion, or 10 Percent, to $135 Billion
Global Banking Loan Balances (EOP) up $30 Billion, or 11 Percent, to $315 Billion
Investment Bank Generated $391 Million in Advisory Fees, Second-Highest Quarter Since Merrill Lynch Merger
Continued Progress on Expense Management; Credit Quality Remains Strong1
Noninterest Expense, Excluding Litigation, Down 4 Percent to $13.6 Billion(A) 
Legacy Assets and Servicing Noninterest Expense, Excluding Litigation, Down 32 Percent to $0.9 Billion(B)  
Net Charge-offs Down 11 Percent to $932 Million
Record Capital and Liquidity Levels1
Common Equity Tier 1 Capital (Transition) Increased to $161.6 Billion
Common Equity Tier 1 Capital (Fully Phased-in) Increased to Record $153.1 Billion(C) 
Record Global Excess Liquidity Sources up $70 Billion to $499 Billion; Time-to-required Funding at 42 Months(D)  
Tangible Book Value per Share up 10 Percent to $15.50 per Share(E) 
Book Value per Share up 7 Percent to $22.41 per Share
Return on Average Assets 0.82 Percent; Return on Average Tangible Common Equity 10 Percent; Return on Average Common Equity 6.97 Percent(F) 
Returned $3.1 Billion to Common Shareholders Year-to-Date Via Repurchases and Dividends

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1Dollar and percent changes compare to third-quarter 2014 unless noted.



The following information was filed by BANK OF AMERICA CORP on Wednesday, October 14, 2015 as an 8K 2.02 statement, which is a press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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  • Form Type: Annual
  • Number of times amended: 0
  • Accession Number: 0000070858-16-000137
  • Submitted to the SEC: Wednesday, February 24, 2016
  • Accepted by the SEC: Wednesday, February 24, 2016
  • Period Ending: December 2015
Companies
 

BAC Morningstar

BANK OF AMERICA CORP

$23.01 +0.09 (+0.39%)

Day's Range:
$22.80 to $23.41

52-Week Range:
$10.99 to $23.41

Volume:
161,934,907

Volume (Avg):
118,250,000

Earnings per Share:
$1.50

PEG / Short / PE Ratios:
1.44 / 0.90 / 15.34

Market Cap:
$241.98B

Book Value:
24.04

EBITDA:
$0.00